Member Info for zumore

After a week of quiet PJ began pumping again today. So I'm guessing that's that's the reason from -7% to levels.

To be honest Colin i'm not sure i read that interview. But i recall Bell getting into a twitter argument the other week with a twitter user who locked their twitter account (so non twitter members like me couldn't see what they were saying) but Bell was saying that Steelmin production was always meant to begin in January 2018. Off topic, i can remember Bell doing a podcast interview a few years ago (it sticks in my mind this interview was around 27 minutes long) and Bell gave an insight into how he invests. He said during the sector slump many companies were doing minimal fundraising, cocooning themselves and not splashing the cash on new assets: Bell said that was not his way of doing things because he believed you should still fundraise to invest in new assets during the downturn. He also said that numerous investment failures didn't bother him because he would just keep plodding on until he invested in that company making asset. Fascinating insight into Bell's thought process. Of course on AIM this reckless investment approach is of no consequence to Bell because of course it's not his personal money he throws at his useless investments. Though if Bell had never had any listed companies and he was just a dreamer who was always looking to his family and friends to invest in his hair brained money making ideas, of course they would be long since broke. So i suspect in an AIM less world Bell would be an absolute failure but of course since he found AIM 12 or so years ago he has paid himself an handsome wage for all those years so AIM investment failure are of no financial consequence to him. So because i'm sure Bell has made himself a very wealthy man from both RRR and RGM then i can understand why he get's puzzled when people suggest to him that he is not a success at RRR and RGM.

Steelmin can pay back RRR that huge loan in Jan/Feb 2018 time. Unless of course someone like YA global have offered to loan Steelmin an huge some of money once they are in production.

Using the currency converter 3,874,560 euros = a whopping �3,456,936. I'm sure from the RRR chairman's perspective ideally he'd like shareholders to help pay off most of the YA loan and then eventually Steelmin pay back RRR their �3,456,936 loan + the interest.

Yes I totally agree with all you guys/gals who don't overly rate Bell. MrMagic, in regards to the YA versus Steelmin loans i think they are fairly level with each other (though I've not done a currency conversion) because Red Rocks loan to Steelmin is actually in Euros.

"I did notice yesterday that one of the famous twitter promoters/rampers announcing that they had bought in last week. I'm not going to say their name because people get touchy. But a month or two ago she did do a GGP promotion article for sharetalk and on here i believe they have the name of Screech777. So if suddenly a sharetalk promotion article appears by them on how great RRR is then don't be surprised. :)" ...................................................... Lol i was right about my last part because she told somebody on twitter today: "RRR keep watching i have almost finished writing a blog - i think you will like this one as well"

why lse think c.a.r.p.e.t (like in my last post) is a swear word and censor it?

(1) "Work on our metallurgical coal opportunities continues and we are keen to finalise commercial transactions and communicate the strategic and operational plans to shareholders." (2) "Formation of a new company ESTEQ Limited to act as the vehicle for development of opportunities in the battery and storage technology sector." ........................................... Pretty shambolic coal update in my opinion. I can remember back in spring time when RGMs coal investments had names like the "Rosa coal mine" but now they are just called "coal opportunities". And earlier in the year we were being told that coal was RGMs main priority and that RGMs coal investments with coal baron Stephen Moscicki could be raking in tens of millions of revenue each year for RGM. Of course if that were true then why would RGM now also be looking at opportunities in the battery and storage technology sector? Like many others i'm suspecting the coal investments will be quietly swept under the ****et (if you dare to bring up the coal subject you will be called a deramper) and one or two battery related investments will probably happen and then the new pump and fundraising will begin. The problem with that is i reckon millions of this Mcap is still based on the coal.

Thanks Booboo, i bow down to your superior knowledge on DNI and Mambare. I've just found this PDF update from November 2015 http://www.directnickel.com/wp-content/uploads/2015/11/Direct-Nickel-Shareholders-Letter-25112015.pdf and reading it paints a sorry financial state that DNI were in.

http://markets.businessinsider.com/commodities/nickel-price You can compare the new nickel price with the monthly nickel prices over these past ten years. Just scroll down to see all the months: http://www.indexmundi.com/commodities/?commodity=nickel&months=120 In my opinion nothing will be happening at Mambare because both RGM and DNI their JV partner at Mambare are both financial wise shadows of their former selves and so neither of them will be squandering any more fortunes on Mambare. 19 Nov 2010 rns said: "Regency and DNi have agreed that they will each contribute �1,000,000 to the next phase of exploration at Mambare" 15 July 2016 rns said: "Regency holds a 50% direct interest in the Mambare nickel-cobalt laterite project located in Papua New Guinea. The project was operated as a joint venture with Direct Nickel Ltd ("DNi"). DNi had been unable to meet approved expenditure calls, and Regency had issued default notices followed by a buy-out notice and had begun discussions with Direct Nickel to take over DNI's share of the project. DNi under its new controlling shareholders has indicated an intention to meet its share of expenditure obligations and has made a first payment of �44,032 to Regency in reimbursement of amounts due to the joint venture and previously advanced by Regency. Further amounts of approximately �20,000 will be invoiced shortly." ................................................ Seriously do DNI the JV partner for RGM (at Mambare) look financially able to be throwing new money at Mambare?

http://www.jupitermines.com https://intherightvein.com/author/alanpatrickryan/

It will take nearer to 27 years.

"Yep. Mambare will be worth the wait here. Get in early! Will be worth a absolute fortune!" ................. You say get in early but the very first RGM rns on this lse forum was way back on 8th September 2009 and it was an rns about Mambare. So they've had Mambare at least 8 years and the RGM website says that so far 3% of Mambare has been explored. So i calculate at the present rate of exploring it will take RGM 25 years to explore 10% of Mambare. http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RGM&ArticleCode=svw4uko0&ArticleHeadline=Drilling_Report

You are not fooling me cgm. Yes i remember you when you used to only ramp on the RRR thread. Yes i also remember you from your twitter (guy in his mid twenties with short curly locks). But at the moment i'm sure you think it's funny with your short "yep yep" posts? but i remember that you do lose your cool and start blaming fellow posters and calling them trolls when the share price doesn't go well. So i'm quite sure the real cgm will soon reveal himself and your posts will suddenly get longer when you begin to blame your fellow posters. :)

So i personally think yesterdays price rise was because the promoter/ramper had announced they had bought in.

So i wouldn't totally dismiss a price rise here because afterall the rampers managed last week and this to ramp RGMs dormant nothing happening Mambare exploration asset. Totally amazing they ramped a 40-50% rise out of that.

I did notice yesterday that one of the famous twitter promoters/rampers announcing that they had bought in last week. I'm not going to say their name because people get touchy. But a month or two ago she did do a GGP promotion article for sharetalk and on here i believe they have the name of Screech777. So if suddenly a sharetalk promotion article appears by them on how great RRR is then don't be surprised. :)

Extract from final results rns 2015 "base metal exploration projects and related technology investments such as Direct Nickel Ltd have been a drain on our resources and difficult to progress as the natural resource markets declined." ....................................... Extract from 2016 Financial report rns (Mr Bell talking about Mambare and Motzfeldt) "Regency has one of the world's largest lateritic nickel and cobalt resources, which it developed itself, and perhaps the world's largest tantalum resource, but these are exploration projects, and Regency produces nothing."

"Regency owns 50% directly and 1.36% indirectly of the Mambare licenses in the Oro Province of Papua New Guinea," ............................... So i'm assuming the 1.36% indirect means RGM these days hold a 1.36% stake in the company Direct Nickel Limited? I certainly wasn't invested back then but in around 2010 didn't RGM invest $6 million in the company Direct nickel? Don't tell me RGM lost all that $6 million investment money?

by the twitter rampers that nickel prices are now sky high. Look at the 10 year monthly nickel price chart http://www.indexmundi.com/commodities/?commodity=nickel&months=120 and you'll see that the present price of around $12.300 m/t is still relatively low compared to previous nickel prices.